During college, I stayed close to campus every summer in order to work. Plus, I liked living on my own. The second summer I stayed, I got a job as a waitress and rented a room in a house to get me by until the new school year, when I would have a free room … Read more My Experience on How Payday Loans Work
Some people think credit cards are evil — for example, famous debt reduction guru Dave Ramsey is completely against it. Some use their credit cards without giving it much thought. Personally, I think credit cards are financial tools that can be used to my advantage, but they must be used with caution. How about you? … Read more What is Your Credit Card Philosophy?
One of my loans at Lending Club became “31-120 days late” yesterday. This means the borrower is not making his monthly payment, and I could end up losing that money. Since I have 20 active loans, this represents a 5% loss if the loan should default. Curious, I dug a little deeper, and as anticipated, … Read more Why Bad Credit Borrowers Pay a Higher Interest Rates
This article is not meant to convince you to try credit card arbitrage. Rather, it’s meant to explain what credit card arbitrage is and start a discussion about it. Ultimately, I would like to hear your thought on credit card arbitrage as a money making strategy. Photo by Classyshot via Flickr First, we start off … Read more Making Money With Credit Card Arbitrage